Egypt: Smith Troy for Chemical Industries says that it expects to commission a new US$5m insulation line at Amreya, Alexandria, in June 2024. Business News Africa has reported that trial production will then run for two to three months. Smith Troy for Chemical Industries' CEO Walid Gamal el-Din said that the plant will export 80% of its production, which will contribute US$10m in sales in its first year of operations.

New Zealand: Germany-based building products and systems producer Sto has concluded a deal to acquire its New Zealand distribution partner Stoanz. Sto says that it expects to complete the acquisition on 1 April 2024.

Sto is the market leader in external wall insulation systems in New Zealand. Its other products and services include façade elements and concrete repairs.

Russia/Kazakhstan: TechnoNICOL plans to invest US$109m in capital expenditure (CAPEX) in Russia and Kazakhstan throughout 2024. The sum is triple TechnoNICOL’s 2023 CAPEX, according to the company. US$27.3m will go towards two projects in Kazakhstan: the completion of the upcoming Almaty insulation plant, scheduled for September 2024, and the start of construction of the upcoming Karaganda insulation plant. The remainder of the sum will fund other projects, including the construction of the upcoming Rostov insulation plant and an expansion to the Chelyabinsk insulation plant, both in Russia.

South Korea: The Ministry of Land, Infrastructure and Transport has suspended the Korea Foamed Plastic Industry Cooperative’s standard for expanded polystyrene (EPS) insulating sandwich panels. The standard had been certified by the Korea Institute of Civil Engineering and Building Technology. Maeil Business Newspaper has reported that the suspension is part of a regulatory revision in the interest of fire safety. The value of the South Korean EPS sandwich panel industry is US$1.37bn/yr.

The Korea Foamed Plastic Industry Cooperative said “With a severe shortage of certification agencies, it takes over a year to obtain certification. This is tantamount to telling small businesses to shut down.”